Oil Prices Surge as Trump Imposes "Massive" Sanctions on Russian Energy Giants Amid Mixed Global Market Performance

Oct 24, 2025 01:56 am CST

Wall Street exhibits minimal movement while oil prices jump 5.6% following President Trump's announcement of major sanctions against Russian oil companies Rosneft and Lukoil, aimed at pressuring Putin to negotiate an end to the Ukraine war. Meanwhile, Tesla shares decline on disappointing earnings while global markets show mixed performance amid geopolitical and economic developments.